Taboola.com Ltd. (NASDAQ:TBLA) Receives Consensus Rating of “Moderate Buy” from Analysts

Shares of Taboola.com Ltd. (NASDAQ:TBLA) have received an average rating of “Moderate Buy” from the nine brokerages that are covering the firm, Marketbeat Ratings reports. Four analysts have rated the stock with a hold recommendation and five have given a buy recommendation to the company. The average 12 month price objective among analysts that have covered the stock in the last year is $4.80.

A number of research firms have recently issued reports on TBLA. Weiss Ratings reissued a “hold (c)” rating on shares of Taboola.com in a report on Thursday. BTIG Research initiated coverage on shares of Taboola.com in a research note on Tuesday, October 7th. They issued a “neutral” rating on the stock. Rosenblatt Securities began coverage on shares of Taboola.com in a research note on Friday, December 19th. They issued a “buy” rating and a $6.00 target price for the company. Finally, Wall Street Zen upgraded shares of Taboola.com from a “hold” rating to a “strong-buy” rating in a research note on Saturday, November 8th.

Taboola.com Stock Performance

Shares of Taboola.com stock opened at $4.16 on Friday. The stock has a market capitalization of $1.20 billion, a price-to-earnings ratio of 51.94 and a beta of 1.26. The firm’s fifty day simple moving average is $4.15 and its 200-day simple moving average is $3.68. The company has a debt-to-equity ratio of 0.08, a current ratio of 1.06 and a quick ratio of 1.06. Taboola.com has a 12 month low of $2.50 and a 12 month high of $4.65.

Taboola.com (NASDAQ:TBLA) last posted its quarterly earnings data on Wednesday, November 5th. The company reported $0.07 EPS for the quarter, missing analysts’ consensus estimates of $0.10 by ($0.03). Taboola.com had a net margin of 1.34% and a return on equity of 8.12%. The business had revenue of $496.76 million during the quarter, compared to analyst estimates of $465.57 million. During the same quarter in the prior year, the firm posted ($0.02) earnings per share. The company’s revenue for the quarter was up 14.7% compared to the same quarter last year.

Insider Buying and Selling

In other Taboola.com news, COO Eldad Maniv sold 414,816 shares of the firm’s stock in a transaction on Thursday, November 6th. The stock was sold at an average price of $3.78, for a total value of $1,568,004.48. Following the completion of the sale, the chief operating officer owned 10,392,460 shares of the company’s stock, valued at approximately $39,283,498.80. This trade represents a 3.84% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Nechemia Jacob Peres sold 6,387,648 shares of the business’s stock in a transaction on Monday, November 10th. The stock was sold at an average price of $3.67, for a total transaction of $23,442,668.16. The SEC filing for this sale provides additional information. Over the last three months, insiders have sold 6,812,509 shares of company stock valued at $25,048,341. Company insiders own 24.70% of the company’s stock.

Institutional Trading of Taboola.com

Several hedge funds and other institutional investors have recently made changes to their positions in TBLA. Arrowstreet Capital Limited Partnership boosted its position in shares of Taboola.com by 412.1% in the 2nd quarter. Arrowstreet Capital Limited Partnership now owns 3,113,200 shares of the company’s stock worth $11,394,000 after buying an additional 2,505,249 shares in the last quarter. Pallas Capital Advisors LLC purchased a new stake in Taboola.com during the 2nd quarter worth about $41,000. LSV Asset Management acquired a new position in Taboola.com in the 2nd quarter valued at about $345,000. Acadian Asset Management LLC lifted its holdings in Taboola.com by 1.8% in the 2nd quarter. Acadian Asset Management LLC now owns 2,928,713 shares of the company’s stock valued at $10,712,000 after purchasing an additional 52,791 shares in the last quarter. Finally, Empowered Funds LLC boosted its stake in shares of Taboola.com by 73.4% during the 2nd quarter. Empowered Funds LLC now owns 1,253,648 shares of the company’s stock worth $4,588,000 after purchasing an additional 530,664 shares during the last quarter. Institutional investors and hedge funds own 42.89% of the company’s stock.

About Taboola.com

Taboola.com (NASDAQ: TBLA) operates a leading content discovery platform that connects advertisers with premium publishers through native advertising and personalized recommendations. The company’s technology analyzes user behavior and contextual information to deliver promoted content, video, and product recommendations to audiences across a network of thousands of websites and mobile apps. By leveraging machine learning and big data, Taboola helps publishers generate incremental revenue while enabling advertisers to reach engaged users at scale.

Taboola’s suite of products includes feed placements, video recommendations, and sponsored content units designed to blend seamlessly with editorial pages.